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Journal entry worksheet 2 3 4 5 6 7 8 9 Sold merchandise for cash, $2,640 plus sales tax. Note: Enter debits before credits. General
Journal entry worksheet 2 3 4 5 6 7 8 9 Sold merchandise for cash, $2,640 plus sales tax. Note: Enter debits before credits. General Journal Debit Credit Date April 02, 2019 Record entry Clear entry View general journal Record the following transactions of Fashion Park in a general journal. Fashion Park must charge 7 percent sales tax on all sales. The company uses the perpetual inventory system. (Round your intermediate calculations and final answers to the nearest whole dollar value.) DATE TRANSACTIONS 2019 April 2 Sold merchandise for cash, $2,640 plus sales tax. The cost of merchandise sold was $1,640. 3 The customer purchasing merchandise for cash on April 2 returned $320 of the merchandise; provided a cash refund to the customer. The cost of returned merchandise was $220. 4 Sold merchandise on credit to Jordan Clark; issued Sales slip 908 for $1,190 plus tax, terms n/30. The cost of the merchandise sold was $700. Accepted return of merchandise from Jordan Clark; issued Credit Memorandum 302 for $220 plus tax. The original sale was made on Sales Slip 908 of April 4. The cost of returned merchandise was $ 230. 30 Received payment on account from Jordan Clark in payment of her purchase of April 4, less the return on April 6. Journal entry worksheet
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